Zacks Research Forecasts OUTFRONT Media FY2027 Earnings

OUTFRONT Media Inc. (NYSE:OUT) – Analysts at Zacks Research issued their FY2027 earnings estimates for shares of OUTFRONT Media in a report issued on Tuesday, March 18th. Zacks Research analyst R. Department expects that the financial services provider will post earnings per share of $1.82 for the year. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.59 per share.

Separately, Morgan Stanley boosted their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.48.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock opened at $16.27 on Thursday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50-day simple moving average is $18.09 and its 200-day simple moving average is $18.44. OUTFRONT Media has a twelve month low of $13.15 and a twelve month high of $19.98. The firm has a market cap of $2.72 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.06 and a beta of 2.00.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of OUTFRONT Media by 132.5% in the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after acquiring an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of OUTFRONT Media by 87.8% during the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock worth $93,015,000 after buying an additional 2,450,632 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of OUTFRONT Media by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider’s stock worth $73,005,000 after buying an additional 342,413 shares during the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of OUTFRONT Media by 2.1% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider’s stock worth $55,820,000 after buying an additional 64,072 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of OUTFRONT Media by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider’s stock worth $54,184,000 after buying an additional 15,455 shares during the last quarter.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Friday, March 7th. OUTFRONT Media’s dividend payout ratio is presently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.